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You are browsing the archive for March 2011.
Flurry of phone calls leads to Kentucky insider-trading charges
The directive came without explanation: Report to company headquarters in Louisville in three days. But the SEC says David A. Stitt, the Pennsylvania-based vice president of sales for Steel Technologies northeast division, knew why he and other executives were being summoned from around the country for a meeting on Feb. 26, 2007. The publicly traded [...]
Securities Docket News Wire for March 28, 2011
Get caught up with the Securities Docket News Wire for March 28, 2011.
Possible Galleon Testimony: Founder’s Brother Took Notebooks After Arrest
A cooperating witness could testify that Galleon Group founder Raj Rajaratnam’s younger brother removed notebooks from Mr. Rajaratnam’s office on the day of the hedge-fund mogul’s arrest in October 2009 in an insider-trading probe, according to court filings. Possible Galleon Testimony: Founder’s Brother Took Notebooks After Arrest — WSJ
Securities Docket News Wire for 2011-03-26
The Pitfalls of Wiretaps in White-Collar Crime Cases http://p2.to/19FB # Investors sue government, ex-SEC official over Stanford losses http://p2.to/19Fz # Back in My Day, the SEC was the Plaintiff! (Part II) http://p2.to/19Fy # Ex-Goldman Board Member Gupta Took Fifth Amendment, Judge Told http://p2.to/19DZ # Westlaw News & Insight Securities Litigation Blog http://p2.to/19DW # Hear the [...]
Back in My Day, the SEC was the Plaintiff! (Part II)
Remember yesterday when I said I thought a “full-blown ‘sue the SEC’” trend seemed to be brewing? Now you can add one more lawsuit to the growing list, as nine Louisiana investors who lost a total of about $19 million in the alleged Ponzi scheme of R. Allen Stanford sued the SEC yesterday for its [...]
Investors sue government, ex-SEC official over Stanford losses
Nine Louisiana investors who lost nearly $19 million combined to R. Allen Stanford have sued the government for negligence, arguing the Securities and Exchange Commission failed to stop the Texas financier’s alleged fraud. Investors sue government, ex-SEC official over Stanford losses, Bellingham Herald
The Pitfalls of Wiretaps in White-Collar Crime Cases
But missteps in how prosecutors obtained and monitored the wiretaps and tried to entice people into making incriminating statements have come to light, raising questions about how carefully the Justice Department has been in applying these tactics in white-collar crime case. These should serve as a warning that this investigative tool must be used very [...]
Westlaw News & Insight Securities Litigation Blog
In recent months, the SEC has shown a heightened interest in the workings of state pension funds – specifically, whether certain states are failing to disclose the fact that their public pension plans are chronically under-funded and the possible effects that might have on their municipal bond offerings. Westlaw News & Insight Securities Litigation Blog, [...]
Hear the Rajaratnam Brothers on Tape
Listen to some of the government’s secretly recorded audio here. Warning: There is salty language on the tape. Hear the Rajaratnam Brothers on Tape, WSJ Deal Journal
Ex-Goldman Board Member Gupta Took Fifth Amendment, Judge Told
Former Goldman Sachs Group Inc. board member Rajat Gupta invoked his Fifth Amendment right not to incriminate himself when the U.S. Securities and Exchange Commission sought to question him, a prosecutor said. Ex-Goldman Board Member Gupta Took Fifth Amendment, Judge Told, Bloomberg